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Global Cloud Infrastructure Sales Surpass $21B In Q1 2019: 5 Things To Know

Synergy Research reports the global cloud infrastructure market has eclipsed $21 billion in the first quarter of 2019 and despite ‘the law of large numbers’ continues to grow at an impressive clip.

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The 2019 Cloud Kickoff 

Growth in global spending on cloud infrastructure slowed slightly in the opening months of 2019, but only because the market has become so large that previous rates were unsustainable.

"The overall growth rate has tailed off a bit due to the law of large numbers, but this should absolutely not be viewed as a weakness in the market," said John Dinsdale, a chief analyst at Synergy Research Group.

"Predictably this growth rate was somewhat lower than that seen throughout 2018 as the massive scale of the market now forces growth rates to moderate," Dinsdale said in an analysis of financials that data major providers reported for the first quarter.

Synergy calculated spending on cloud infrastructure services—which the researcher groups as Infrastructure as a Service, Platform as a Service and hosted private cloud—shot up 42 percent in the first quarter, which means cloud is "still growing at a very impressive rate for such a big market."

The defining characteristic of the market remains as it has been for several years: The big just keep getting bigger.

In the first quarter, the five largest providers reaped three quarters of total cloud spending, with Amazon Web Services alone controlling one-third of the entire market.

The industry's overall revenue for January, February and March amounted to $21 billion—bringing the trailing 12 months in at $75 billion. That made the first quarter the eighth consecutive quarter in which the market grew more than $1 billion from the one before it, Dinsdale noted.

Click through the slide show to find out five things about the latest data.

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